As mentioned in #1 above, the real estate industry uses terms that can be confusing to some. When a first-time homebuyer sees that a home is listed as pending, contingent, or under contract, they may wonder if it is worth pursuing.
These statuses mean that there is an offer on the table and the house is getting close to a final sale. However, there are a number of things that can happen that make the sale fall though. In many cases, it is still possible to tour one of these homes, and even make an offer.
The best thing to do is check with the real estate agent. They will know the exact status and whether or not the seller is entertaining further “backup” offers. This article breaks down the different terms:
So is the House for Sale? Pending, Contingent, and Under Contract in Real Estate